Santana Minerals (Australia) Market Value
| SMI Stock | 0.46 0.01 2.13% |
| Symbol | Santana |
Santana Minerals 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Santana Minerals' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Santana Minerals.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Santana Minerals on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Santana Minerals or generate 0.0% return on investment in Santana Minerals over 390 days. Santana Minerals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, Sandfire Resources, De Grey, and Perseus Mining. Santana Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Santana Minerals Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Santana Minerals' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Santana Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 29.97 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 8.0 |
Santana Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Santana Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Santana Minerals' standard deviation. In reality, there are many statistical measures that can use Santana Minerals historical prices to predict the future Santana Minerals' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 0.6702 |
Santana Minerals Backtested Returns
Santana Minerals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Santana Minerals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Santana Minerals' Coefficient Of Variation of (898.67), variance of 23.37, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Santana Minerals are expected to decrease at a much lower rate. During the bear market, Santana Minerals is likely to outperform the market. At this point, Santana Minerals has a negative expected return of -0.54%. Please make sure to validate Santana Minerals' potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Santana Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Santana Minerals has modest predictability. Overlapping area represents the amount of predictability between Santana Minerals time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Santana Minerals price movement. The serial correlation of 0.52 indicates that about 52.0% of current Santana Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Santana Minerals lagged returns against current returns
Autocorrelation, which is Santana Minerals stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Santana Minerals' stock expected returns. We can calculate the autocorrelation of Santana Minerals returns to help us make a trade decision. For example, suppose you find that Santana Minerals has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Santana Minerals regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Santana Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Santana Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Santana Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Santana Minerals Lagged Returns
When evaluating Santana Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Santana Minerals stock have on its future price. Santana Minerals autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Santana Minerals autocorrelation shows the relationship between Santana Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Santana Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Santana Stock Analysis
When running Santana Minerals' price analysis, check to measure Santana Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Santana Minerals is operating at the current time. Most of Santana Minerals' value examination focuses on studying past and present price action to predict the probability of Santana Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Santana Minerals' price. Additionally, you may evaluate how the addition of Santana Minerals to your portfolios can decrease your overall portfolio volatility.